Online Auction - 28th to 29th July 2025
Description
Online Auction - 28th to 29th July 2025
Block Of Seven Self Contained Apartments
Substantial three storey (plus basement) building which has been converted to create seven studio holiday flats.
Auctionhouse are informed that the property currently generates approx. £40,000 pa.
Externally there is off road parking to the front for 4-5 cars.
Location
Located on the south side of Barton Avenue at the corner of Bolton Street approximately 50 m from The Promenade and ½ mile south of Blackpool town centre.
Auction House are informed by the seller the property is currently listed as Residential with council tax, residential rental income circa £3,300 per month / 40,000 PA. Historically used as holiday lets / Airbnb's, and can be changed easily once operational to business rates if required, and small business rates relief will be relevant depending on circumstances. Holiday let income anticipated between £40,000 to £65,000 annually.
Spacious Block of Seven Apartments.
Sea Views from all apartments.
Prime Promenade location, Central Beach.
Five Parking Spaces On Front Yard
Large Separate Service Room with Laundry machines and gas combi boiler.
Individual Electric consumer units.
Part-Refurbishment Required.
Tenure: Freehold
Title number: LA108830
Council Tax Band : A
Local Authority: Blackpool
Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Freehold
EPC Rating: TBC
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
Call the team on 01772 772450 for more information
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